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is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> early this morning a tentative deal was reached to end the strike that shut down this nation's largest port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federal mediators entered the talk. the port handles a billion dollars worth of cargo a day. >> the flu season has gotten off to an early jump. and in one county in tennessee, closing classes for the rest of the week. this year's strain of the virus is more severe. >> reporter: if you haven't had your flu shot yet, now is the time. health officials say this is the earliest start of the flu season in nearly a decade. centers for disease control says alabama, louisiana, mississippi, tennessee and texas are all reporting higher than normal cases. >> we usually see flu begin to have an uptick in about four to six weeks from now. so seeing it this early could will predict not only a longer b
. i'd like to say hello to my son tyler and daughter victoria, my mom and dad and friends in new york, kentucky, and florida. happy holidays, happy new year. love you. . the enamel starts to wear down. and you can't grow your enamel back. i was quite surprised, as only few as four exposures a day what that can do to you. it's quite a lesson learned. my dentist recommended that i use pronamel. because it helps to strengthen the enamel. he recommended that i use it every time i brush. you feel like there is something that you're doing to help safeguard against the acid erosion. and i believe it's doing a good job. happy holidays, happy new year. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] ♪(music playing) ♪(music playing) ♪(music playing) ♪(music playing) ♪(music playing) >>> here's a look at today's forecast in some cities aro >>> here
receiving very heavy rain but the emphasis for snow will be further inland especially upstate new york and northern interior new england and eventually maine is going to be getting in on the act as well. that's where the winter storm warnings are in effect. and a notice they are not in effect along the i-95 corridor. again, that's where we're expecting it to mostly be in the form of rain like it has been throughout most of the day. additional snow as we go through the next 24 hours. you could see 12 inches or more where some of those areas are in purple, but, again, along the coast, we're talking 1 inch or less and this time around, again, it looks like it's mainly going to be just rain. i'm david bernard for cbs news, miami. >>> at least six deaths are blamed on the storm system in the southeast. the trouble with tornados in hard-hit arkansas, nearly 200,000 people lost power, and the governor declared a statewide emergency. danielle nottingham reports. >> reporter: snow blanketed parts of the midwest and northeast. falling and blowing so hard it was difficult for road crews to keep u
money. mike byrnes is fema's disaster relief coordinator in new york city. byrnes says fema's flood policy is limited in flood zones but his agency is re-examining individual cases including the bediners. >> and you give me their details am we will look into it and we'll find out what's really went on here. >> reporter: the bediners did receive $5,000 from their private home insurer for wind damage, not nearly enough to rebuild. >> reporter: are you angry? >> absolutely. but at the same time, i really don't know what else to do. i mean we turn to the people that we thought would help us. and they haven't done anything. >> reporter: the bediners and their two children will live with family until they figure out what to do. michelle miller, cbs news, staten island. >> jeff: . >> jeff, officials are still trying to figure out how many people died after a highway tunnel collapsed about 50 miles outside tokyo. at least 150 heavy concrete roof panels crashed on to the roadway burying a number of vehicles. fire then delayed rescuers efforts to get inside. the collapse is about a mile insid
. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal. >> reporter: the storm drops several inches in the northeast and new england making it hard to get out and get around. streets are a problem in west virginia and maryland. this woman skit off the road and hit a mailbox. >> we just lost control. yeah, pretty scary. >> reporter: the weather is part of the same mass av system that crossed the country this week dumping snow from the west coast to the east coast and creating powerful tornadoes in the south. bad weather continues to delay flights in the northeast. that's bad news for holiday travelers trying to head home. brendan frank lip came home for christmas and is waiting to fly back to arizona. >> mercifully it's so far, so good. >> bob akard is from tampa, florida. he spent the holidays with his parents in rochester, new york. he's hoping to get to the airport on time. >> living in tampa isn't all bad at all. >> reporter: the storm is now moving into new england a
his family's. jim axelrod, cbs news, west new york, new jersey. >> pelley: well, a lot of families with tight budgets will be happy to hear this next story: the housing market is coming back. we got a report today that says home prices in october had their biggest gain in six years. up more than 6%. sales have been rising, too. we haven't seen news like this since the housing meltdown. bill whitaker shows us what it looks like in southern california. >> reporter: los angeles contractor steve andolin routinely has five or six houses under construction before the crash. the recession cut that in half. what are you seeing as far as this market? >> well, definitely an improvement in sale price. prices are going up. >> reporter: he's now hiring more builders, plumbers, electricians, jobs that in l.a. pay $25 to $40 an hour. >> people were scared before and now people have a little bit more confidence and are willing to act. >> reporter: perhaps even feeling pressure to buy. elana giplable has been house hunting for more than a year. she's noticed something new, competition. >> you feel
into pennsylvania maybe eventually new york city late on christmas eve night. >> axelrod: who will see a white christmas? >> it looks like the folks around new york area, will see a little snow and then a bigger storm will brew in places like oklahoma and texas during the day on christmas. we could be talking about substantial snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. wit
. president obama has nominated john kerry to be her replacement. >> marlie hall in new york this morning. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop.
, maybe there's an idea. >>> "cbs moneywatch" time now on a friday. and if you need a cab in new york city, there may soon be an app for that. erica ferrari here in new york with that. erica, good morning to you. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the month of november from the month before. t
vaccinated before heading to new york. what's happening on the east coast that has people worried here. ,, ♪ secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. just announced a new recommendation for the meningitis vaccine. th people travelin >>> public health officials in san francisco have just announced a new recommendation for the meningitis vaccine. in fact they are asking certainly people traveling to new york to consider getting vaccinated first. dr. kim mulvihill has the story. >>> reporter: just in time for the holidays, a public health advisory in new york city. an increase of serious me ming cockell disease. >> gay men who have met men online they are requesting that those men receive vaccine in new york city. >> reporter: while there is no outbreak of meningitis in san francisco, public health officials want people to be aware because there's so much travel between the two cities. >> if gay men are planning to travel to new
. >> heavy snow and high winds stretching across pennsylvania upstate new york into new england. >> causing a travel nightmare for thousands of people returning home from the holidays. >> we're trying to get home or plan b, we spend more time with the grandkids. >> former president george h.w. bush in intensive care at a houston hospital. doctors are trying to control a stubborn and rising feature. >> he's conscious, joking with his doctors but the president looks like he's done a few rounds with mike tyson. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive p
-hours trading after it said it will change the way it charges fee. >>> the new york stock exchange has been sold to intercontinental exchange, a little known rival. the price was $8 billion. that's $3 billion less than what it would have sold for in a proposed takeover last year. the new york stock exchange dates back 220 years, but in recent years, a symbol of u.s. capitalism became a victim of technology and regulatory changes. >>> instagram, the mobile picture-sharing service owned by facebook has bowed to user pressure and has revised its controversial terms of service policy. among them the company said its advertisers could display its photos without paying for them. instagram now says there are no such plans. >>> and facebook has a new way to reach out to others, but it's going to cost you. until now messages sent to people not connected with the social network would arrive in a folder marked other for so-called less relevant messages. now it's testing a service that charges $1 to guarantee that users' messages send to nonconnected people will arrive in their mailboxes. it would have to b
special meaning for a young family in queens new york. they'll be spending a quiet holi ir first >>> a young family in queens new york will be spending a quiet holiday at home with their first baby. the infant has had an incredible journey of survival. >>reporter: his whole life has been a struggle beginning the night his mom went into early labor. colleen was pregnant with twins when doctors told her she had a rare condition. one baby was growing, but the other not. after an emergency c-section andrew arrived at the neonatal intensive care unit to help him breathe, eat and pump his own blood. his brother, william, didn't make it. >> two days after he was born he passed away. >>reporter: for three months andrew stayed in nicu. he had breathing problems and nearly died of sepsis. >> it was touch and go and a very difficult time. andrew was one of six babies relocated here to the medical center in the bronx. andrew weighed 9 pounds and was finally able to go home. >> having gone through what we have, it makes it more special. we're really very excited for this christmas. >>reporter
department. bratton helped reduce violent crime when he headed the new york and l.a. police departments. we talked to oaklanders who are skeptical after hearing city leaders talk about different plans to stop the violence. they're unhappy. they re miserable because they haveo hope and they have no, no money." ouncil votes >> it might tamp some of it down just like putting armed guards on every street corner might tamp some of it down, but it won't make people's lives better. i live over in the rolling 20s in the neighborhood and are in a lot of miserable people there. they're miserable because they have no hope and they have no money. >> oakland city council votes next month on the plan to hire bratton at a rate of $250,000. nothing compared to ch >>> as bad as oakland has struggled, it's nothing compared to chicago which just hit an almost unbelievable milestone, 500 murders this year alone. hours after police announced they were one homicide away from the 500 mark a man was shot in the head outside a convenience store in the city, but this is not the first time chicago has reached that nu
. and making a mess of flight schedules at major hubs from chicago, cleveland, philly and new york. cbs reporter danielle nottingham is at reagan national airport. danielle. >> reporter: liz, airlines are still trying to catch up at this hour. today is considered one of the busiest days to fly during the holiday season. and airports all the way from texas to new york have struggled to move travelers along today. mobile, alabama is still cleaning up a day after storm ripped roofs from homes and shattered car windows. the porch at this home was destroyed. 34 tornadoes hit the southeast, the most ever in the u.s. on christmas day. years of drought in texas made the dry trees vulnerable to high winds. in arkansas, more than a foot of snow made for a rare day of sledding. more than 200,000 people have no power in the south. as the storm heads east, heavy rain is flooding parts of south carolina, blowing snow causing white-out conditions in indiana and ohio. and blizzard warnings are posted as far north as maine. this storm is wrecking travel plans. more than 900 flights have been canceled ac
. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that only hires those who ire unemployed. d i never would imagine it riuld take a hurricane to bring me to a county position. it was like a blessing, actually. >> reporter: with tons of debris still left to clean up from hurricane sandy, the state themployment arrest almost 9%, this program hopes to solve two problems at once-- getting all of this cleaned up, getting people back to work. the super storm leveled businesses across new york. this program is aimed at the 50,000 new yorkers who lost heir jobs, according to governor andrew cuomo. if so what this program says is if we can employ people who were ity, that community, hurt by the acorm, and actually employ them eb rebuild their community, that's a win-win. >> reporter: but these programs will need more money to work. are you going to go back to the president and ask for that extra money you didn't get this first hime around? >> getting the $60 billion quickly means a lot to this state
in the crowd in new york city on new year's eve. >>> a fatal plane crash in russia, the impact sending debris flying into oncoming traffic. >>> a scary slip on a frozen lake in the moun tapetains of southern california became a race to save a life. >>> and kim carkardashian is pregnant. >>> intercepted by rob jackson. redskins into the playoffs. rg3. maybe he can solve the fiscal cliff. >>> and all that matters. >> fireworks lit up sydney harbor, beautiful, as people mark the start of 2013. happy new year. >> on "cbs this morning." >>> chuck pagano back on the colts sideline yesterday cancer free as the colts won 28-16. >> i feel so blessed to be back with you guys in the battle. thank you. thank you so much. captioning funded by cbs >>> welcome to "cbs this morning." i'm norah o'donnell with anthony mason. as we wake up the deadline to the fiscal cliff is just 14 hours ai wa. there's no deal yet, but members of congress are heading back to capitol hill. first, breaking news on the condition of secretary of state hillary clinton. >> she's in a new york city hospital
to competition for shoppers. toys 'r us in times square in new york city will be open for 543 consecutive hours for nontop shopping starting yesterday through christmas eve. it's the latest evident by a retailer to squeeze every last dollar out of a shaking economy. >>> new boots became an instant online hit but today a homeless new york city man is back on the streets and barefoot. the "new york times" found the man identified as jeffrey hillman wandering barefoot in manhattan last night. when asked about the $100 boots that a new york city officer was seen giving him, hillman said he had hit them because they are worth a lot of money. hillman told the reporter he was grateful for the gift but was also wants a piece of the pie apparently saying the photo of him receiving the boots was posted online without his permission. it was an arizona tourist who witnessed the gift-giving. her photo went viral after it was posted on facebook. so... he wants a piece of the pie. >> i guess. what does that mean? >> he got boots. he should be happy with that. >>> let's check the weather. >> we can relax for a
portions of new york. south of there, all along the i- 95 corridor through new york and philly and d.c. and south of there, very heavy rain occurring this evening, and that's going to be the story overnight. and it looks like even into tomorrow that heavy rain is likely going to continue. >> axelrod: how bad will this disrupt travel? >> well, i think the big problem is going to be the snowfall in the inland areas. let's give an idea of how much more snow could fall between now and early saturday when the storm ends. those purple areas you see anywhere from northern pennsylvania, covering much of upstate new york, and northern new england, could see over a foot or more, maybe even locally two feet of snow in some of the higher elevations. if you take a look at the i-95 area, though, only maybe a very light amount of snow, an inch or so, in the cities. that looks like it's mainly going to be rain. but even all that heavy rain into tomorrow morning is likely going to slow down air traffic, and i think today's delays are probably going to fold over into tomorrow, as well. >> axelrod: dav
in colorado, connecticut, massachusetts, new york and tennessee. it's intended to make u.s. schools more competitive on a global level. >>> cbs moneywatch now. delta considers a stake in virgin airlines and ashley morrison has more. >> reporter: good morning. asian markets were mostly higher on improved manufacturing data from china. tokyo's nikkei edged up a fraction to a seven month closing high while the hang seng lost more than 1%. on wall street concerns over the fiscal cliff appear to have been out weighed to the strong start. the dow was up 15 points finishing above 13,000 while the nasdaq added 43 points. so far there's been no resolution of the strike by clerical workers at the ports of los angeles and long beach. the strike enters it's seventh day today, slowing traffic at the nation's busiest cargo complex. dock workers are refusing to cross the picket lines. clerical workers said management has been outsourcing their work. delta airlines is looking to buy 49% stake in virgin airlines owned by singapore airlines. 51% of virgin atlantic is owned by richard branson. virgin is th
of a $250,000 consultant to the police department, legendary lawman bill bratton. he's the former new york police commissioner and los angeles police chief who drastically reduced violent crime during his tenure in both cities. >> if anyone can straighten out the terrible problems that oakland has with the police, he can. >> reporter: former san jose police chief and now hoover institution fellow joe mcnamara says bratton is known for being tough on crime and gangs and is a genius in getting the community to work with police. >> i left and said he didn't get the kind of support he needed to do the job. and i think this is a sign that their willing to give someone, who is competent, that kind of support. >> reporter: chief jordan will take a page out of bratton's strategy and reimplement neighborhood policing. but instead of citywide, he'll start with dividing east oakland into two districts. >> we build trust. and we hold the captains and his command officers responsible for knowing about crime, addressing crime. >> reporter: some residents say bringing in a new consultant isn't the only s
. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the top name for boys. >> sochlt pphia and aiden. least popular, kim jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the
allegedly pushed a passenger to his death in front of a subway train in new york has been arraigned. naeem davis was charged with second-degree murder yesterday. he implicated himself in the death of ki suh han. on wednesday han's daughter remembers her dad who comes to the others. >> nigh dad was never not hesitant to help anyone. he was always there for someone if they need help. >> davis is being held without bail. >>> and a memorial service in kansas city for javon belcher, the football player who committed suicide on saturday after killing his girlfriend. the chiefs had an early practice wednesday so his teammates could pay their last respects. they say they wanted to remember him as a man, not a killer. >> you've got to try to deal with it however you deal with it and grieve, you know, the best way for the individual. and i think the best way for us as a team is to get closure and move on and find some way to focus on football. >> belcher shot 22-year-old kasandra perkins. her funeral will be tomorrow in texas. their 3-month-old daughter will get more than $1 million from the nfl col
uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they do strike a deal, some here say the delays have jeopardized the chances of this becoming legislation and passing both houses of congress in time, and there's a question whether speaker boehner will even have enough republican votes to pass any deal they might come, to terrell. >> susan mcginnis in washington this morning. thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they would link its actions to specific economic milestones. they said they'll keep the interest rate to 0% until the unemployment rate falls to below 6.5%. the jobless rate may not r
. jack pinto loved the new york giants. he was buried in the jersey of his favorite player, giants wide receiver victor cruz. >> there were stories about jack being in heaven, tossing footballs at the angels and knocking halos off of their head. everyone got a chuckle out of that. >> reporter: konan funeral home in newtown will hold 11 funerals between now and christmas. newtown school officials have set up grief counselors for students still dealing with the tragedy. tarle -- terrell? >> good to see you. thank you very much. >>> the grim task of telling the parents of 20 young children they would never see their son or daughter again fell to connecticut's governor, dannel malloy. the parents were brought to the town fire house on friday. yesterday an emotional malloy explained he didn't think it was right for families to have to wait a long time for the families of victims to be notified. >> there was a reluctance to tell parents and loved ones that the person that they were waiting for was not going to return and that that had gone on for a period of time, well after there was any exp
new york still don't know what prompted an ex-con to gun down a group of firefighters. the gunman lured them to his neighborhood in the town of webster by setting a fire to a car and house. two firefighters were killed in the ambush. this morning, officials are looking for more victims. we have more from webster, new york. good morning. >> reporter: duarte, as investigators work to find out why two firefighters were killed, the whole town of webster is grieving this christmas. it's a day that should be about celebration. candles are burning for two firefighters killed in an ambush the day before christmas. >> our men are hurt, and they're not going to be home with their families now. >> reporter: police believe 62-year-old william spengler intentionally set fire to a house and car in order to lure first responders to his neighborhood. >> i'm sorry. i just -- >> reporter: that's okay. >> it's -- christmas. i mean, who targets people on -- >> reporter: authorities say spengler injured two volunteer firefighters and killed two more before killing himself. 19-year-old michael chiapper
a budget deal by next week nasdaq and s&pa hundred also down. >>> police in new york say it was a set up. two firefighters responding to a call were kill bid an excon. cbs reporter jennifer lewis hall shows us how he lured them in. >> firefighters rushed to this early morning fire near rochester new york and were met by bullets. police say 62-year-old william spengler lit a home and car on fire so he could lure first responders to the scene and shoot them. two webster firefighters were killed in the ambush. two more were injured. with crews under attack the flames burned out of control jumping from home to home. >> i'm not aware of anything like this in my 23 years in the to be of webster. >> police say soon after the s.w.a.t. team arrived the gunman took his life. crews put out the flames but not before several homes were lost. news spread quickly through the small town of webster. people brought fires to the local fire house and gave their cob -- condolences. >> who targets people on christmas. i'm sorry. >> he was in yale for beating his 92-year-old grandmother. he has been out of pr
. >>> the debate over gun control has moved to one over privacy over protection. the new york journal news got data by filing freedom of information request. the maps don't show whether the residents actually own guns, just that they're legally able to. george gascon says it's an unfortunate circumstance. >> the people that are actually registering the guns and following all the rules, they're law-abiding citizens and they should be protected. >> the new york journal news is standing behind the project. >>> gun buy-back programs here in the bay area are proving to be a big hit. in los angeles, city officials moved up the date of the city's annual buy-back program following the newtown shooting. handguns are good for $100 grocery gift cards. even those turning guns in don't think it will change much. >> they think might is right. that's just how it's always been. something i don't think you can unlearn in a short time. >> l.a. police say they have taken back more than 8,000 weapons over the last three years. critics say most of the weapons turned in are either old or broken and wouldn't be used in a
than $60 billion in aid for new york, new jersey, other states. a congressman from new york confirms he expects the request to be at that level. governor comeaux is said to be pleased with the dollar amount. in the vineyards and farms of sew know may there is a place that saves lives. a school for boys troubled or hurt. >> good morning. >> reporter: that's nick on the left anchoring the hannah boys' center news. good grades, college bound. hard to believe this is the same kid who came from juvenile hall in 9th grade. >> i would have to describe nick as a rival here at hannah as one of a broken human. >> i was giving up. i was to the point where i was done. >> reporter: his parents were addicted to drugs. he is the toddler on the left. his parents would leave the children alone for days. one time in a motel. >> we didn't have money. we had video games which kind of kept us busy. >> reporter: what did you do for food? >> we didn't have any food. >> reporter: they moved every few months. then one day their parents took them to their grandparents in oak ridge. >> they dropped us off and sai
is on top again. ashley morrison here in new york with more. good morning, ashley. >> good morning, terrell. news of rising factory output growth in china. tokyo's nikkei added a fraction while hong kong's hang seng gained nearly half a percent. wall street hopes to continue last week's rally. the dow closed up 81 points on friday while the nasdaq fell 11 points. >>> federal reserve is expected to announce an expansion of its stimulus program this week. experts predict the feds will extend its program of buying $85 billion of securities each month into the new year. the announcement is expected when the bankers meet tomorrow and wednesday. >>> the head of the international monetary fund is calling on u.s. politicians to find a solution to the nation's financial woes and fast. christine lagarde said lawmakers need to address the country's debt, the deficit, and the fiscal cliff and quickly to avoid the uncertainty from affecting the global economy. she suggested a balanced approach, increasing revenue, while also cutting spending. >>> a new survey shows pay for private college prnts continue
their control towers. jobs and revenue that may never come back. john bentley, cbs news, new york. >> winter storms are spreading across the country, a massive storm that created havoc east of the mississippi is now headed to new england. that storm left a trail of power outages in the southeast after dumping some 15 inches of snow. in california, heavy snows continue to pile up. but inside the storm clouds there is a silver lining, as carter evans reports. >> reporter: snow fell again today in california's mountains. the latest in a string of storms that could have a major effect on the state's drought. >> if this trend top storys we'll be looking at excess water, rather than a water shortage. >> reporter: this san francisco meteorologist says the mounting snow pack, already 146% higher than normal, means the state's reservoirs will be in good supply. >> almost like putting water in a bank and then saving it for summertime where we get virtually no rainfalls. >> my gut feeling is this will be a good year for us. >> reporter: he's a water manager in southern california, where part of l. a.'s
the philippines until friday. >>> here in new york, police are looking for a man who pushed a stranger in front of an oncoming subway train. the victim died monday afternoon at a subway stop just a few blocks from times square. this is amateur video taken just before the incident. witnesses say the suspect on the right was mumbling to himself before he pushed the victim. >>> lawyers for george zimmerman have released a photo taken the night he shot and killed florida teen trayvon martin. it shows him with a bloody nose. and it is a color version of a photo released several months ago. zimmerman's lawyer says the picture was taken by police and only given to them recently. the neighborhood watch volunteer claims he shot martin in self-defense. his trial is set for june. >>> doctors in arizona say an 11-year-old girl could die if she's not brought back to the hospital soon. this is surveillance video of her mother walking her out of a phoenix hospital last wednesday. doctors had to amputate the girl's arm and insert a heart catheter. the border patrol stopped her father over the weekend but said
and sun in new york. 49 degrees. mostly sunny in miami, 80. sunny and clouds in chicago, 47. warm and sunny in dallas, 74. warm and sunny in l.a., 63 degrees. >>> let's check your national forecast. it is going to snow a lot. northern new york into new england could get as much as 4 inches. a foot of snow could fall into parts of the midwest, especially in nebraska and michigan. up to 20 inches are expected in the mountains of utah, colorado, and southern wyoming. it will rain in parts of the southwest and it will be dry and warm in the south. >>> "cbs moneywatch" time now on this wednesday. a swiss bank agrees to pay a billion-dollar settlement and gummy bears savor a court victory. irka ferrari here in new york. good morning, erica. >> good morning, terrell. >>> swiss bank ubs admits to fraud and agrees to pay more than a billion and a half dollars in fines. this results as there was an investigation into the rigging of the libor interest rate. it has an effect on many of the consumer rates including cars and student loans. under the settlement ubs will enter a plea to one count
. >> pelley: nancy, thank you. toe biggest sale today at the new york stock exchange was the new york stock exchange. the institution, nearly as old todhe united states itself, was sold today for $8 billion. esd here's senior business correspondent anthony mason. >> reporter: a 220-year-old financial institution is being bought by an upstart kid of a company from atlanta, the intercontinental exchange, or ice, a derivatives trading firm founded only a dozen years ago. an icon of american capitalism since 1792, the new york stock exchange long dominated the financial landscape, but the big board has seen its influence erode in recent years. how long did you work opt floor here? s. 30 years. >> reporter: 30 years. when veteran trader it ken polcari started on the floor in ade early 1980s, that he was one he eome 3,000 traders. >> the energy that was in the building, that really drove kind of the personality of the place, ite market, the excitement of it. >> reporter: today, the floor is considerably quieter as electronic trading has eliminated the middle man, the number of traders has dwindle
firefighter >>> a developing story out of new york. this home was set on fire and used as a trap to lure firefighters. police say a gunman set the fire and waited for help to arrive. he then started shooting. two firefighters were killed. two others survived. >> cbs reporter jennifer lewis hall is learning more about the firefighters and the man who killed them. >> reporter: firefighters rush to this early morning fire near new york and were met by bullets. police say the 62-year-old lit a home and car on fire so he could lure first responders to the scene and shoot them. two firefighters were killed in the ambush. two more were injured. with crews under attack the flames burned out of control jumping from home to home. >> i am not aware of anything like this in my 23 years. >> a s.w.a.t. team was called in and police say soon after that the gunman took his own life. crews put out the maims but not before several homes were lost. news of the attack spread quickly through the small town. people brought flowers to the local fire house and gave their condolences. >> it is christmas. who tar
as well. it would be on the light side. not a big deal. sunshine in the southland. but at new york, they're going to get some partly cloudy skies. for us, tonight, the lows will be 34 in santa rosa. not quite as cold tonight as it was last night. 35 at napa. 33, fairfield. 36, livermore. we'll do no better than mid 50's for the bay area tomorrow. but with increasing sunshine, we're at 54 in the city. extended forecast calls for mostly cloudy conditions on new year's eve. a few light showers tonight. sun on sunday, maybe a little bit coming in on monday and tuesday. rest of the week looks high and dry. so have a great weekend! >>> the fiscal cliff, no concern for these consumers. why they're dropping a truckload of cash for a cool ride. ,,,,,,,,,,,,,,,,,,,,,, legal settlement. a district judge has given preliminary approval to the payment in a class action st acceleration. th >>> tonight, toyota is now one step closer to paying a $1 billion legal settlement over sudden acceleration. the carmaker recalled 14 million cars worldwide to deal with the defect it blamed on drivers and floor mats
of fame in cooperstown, new york, but as tony guida tells us, controversy over steroids is in play. >> and bonds hits one high. >> reporter: no one in baseball history hit more home runs than barry bonds. >> he struck him out! >> no one in baseball history racked up more pitching honors than roger clemens. the two stars headline this year's ballot for the hall of fame. neither is likely to be elected, says danny knobler, a writer for cbssports.com. >> i think the overwhelming evidence is these guys cheated the game. >> reporter: bonds, clemens and sammy sosa who joins them on the ballot are the poster children of the baseball steroid era. bonds admitted he took substances but said his trainer described them as linseed oil. clemens was linked to performance-enhancing drugs. and sosa failed a drug test in 2003, according to lawyers familiar with the results. with all three on the ballot for the first time, this year's vote becomes a referendum on baseball's age of steroids. >> there's more to hall of fame than just what your numbers are. >> reporter: the 600 or so baseball writers wh
reason to screen teens for eating problems. >>> something fishy about new york seafood. a study by a conservation group found a shocking amount of mislabeling. grocery stores in new york were found swapping fish. studies in boston, miami and l.a. had similar findings. >>> the winter veggies are out in your produce aisle. tony and his daughter stephanie have tony's table. >> pasta with all winter vegetables. >> the star of this pasta is this beautiful kale. buy it like this at the market already cleaned for you. you should clean it when you bring it home but in a bag without the stems. >> so we have the kale and there was a little bit of chicken stock and oil and salt and then some carrots and broccoli. >> the pasta is fettucini. love this flattened noodle. it's so great with vegetables. mix that up. we also added pasta water because it gives them some starch red pepper flakes giving it some kick. just dump it in there. look how beautiful that looks. >> this is great because it's hard to find a lot of vegetables that go together in the winter. >> now we finish this off with toast
. there are winter storm warnings stretching from oklahoma to pennsylvania. some parts of upstate new york and pennsylvania could see one to two feet of snow. big cities like new york and boston could see wind gusts of up to 60 miles an hour. in the southeast the largest tornado threat ever seen on christmas day, brought on by the winter storm coming from the west, mixing with the warm waters of the gulf of mexico. >> severe thunderstorm warns are on going and the reason is a lost energy in the atmosphere and what that's causing the potential for a widespread severe winter outbreak. >> reporter: this is complicating travel plans. many may have to spend the end of the holiday in an airport terminal. and driving may not be an option. the national weather service said parts of arkansas could get up to ten inches of snow, causing white out conditions. this storm is part of the same system that brought more than four feet of snow in the high sierras of california just a few days ago. in washington. >> let's go head and look at live pictures. this is dallas texas. you can see the snow is falls
was in howard beach when >>> a charity started after hurricane sandy is bringing cheer to a new york community that was one of the hardest hit. howard beach when hundreds of kids received early christmas gifts. >> reporter: a restaurant in howard beach, new york receiving toys and dinner. >> food, fun and presents. >> reporter: sandy flooded matthew's basement, destroying most of his toys. matthew's mom says the cost of rebuilding threatened to wipe out christmas. >> just trying to get them things. the people who have donated gifts have been awesome. >> reporter: joy created this gift-giving charity after she helped a friend cleanup from the storm. >> her son saw us throwing out his toys and was so emotional about it and so upset seeing -- not understanding what he did to have all of his toys thrown out. >> reporter: online donnerss helped out. >> the -- donnerss helped out. >> reporter: 2,000 of sandy's youngest victims were helped out. some of them got their gifts here at this christmas party. >> reporter: 10-year-old michael says christmas will not be the same now that his family live
cloudy skies, chicago cloudy, and new york we'll get sunshine on monday and a high near freezing. in the bay area, by california standards season freezing. it's only in the mid-50s. 54 degrees in san francisco and 56 at oakland, 55 at vallejo and 52 at fairfield. we'll be up to 52 degrees at livermore. mid-50s do it for much of the bay area. cloudy for new year's eve and new year's day for the bay area, but it does look outside of that chance of maybe a sprinkle or two that we're not going to get any rain on that day. and the extended forecast, we bear that out. i have, you'll notice on monday and tuesday just put in a drop or two. and then on wednesday we'll clear it out. and then maybe a little something coming in toward the end of the week. if it does come in, wouldn't be much. temperatures all week will be in the 50s and that will pretty much do it, not a bad week ahead. after we dispense the clouds today, it's not going to be a bad saturday either. it's looking pretty good. >> we deserve some. >> i would say. >> thanks, brian. >>> governor jerry brown is turning his focus t
. >> he was stolen from a street in new york city and now thanks to good samaritans the dog is back home. >> whoa! >>> there goes santa! look at that. >> this sad, an alabama fan, a hat, and tickets to the bcs title game. >> we're going to the game! ♪ >>> welcome to cbs this morning. we begin with this powerful storm system that caused a string of tornadoes that damaged buildings and knocked out hour in places like louisiana, mississippi, and alabama. it dropped heavy snow in parts of texas, oklahoma, and arkansas. >> it's blamed for three deaths and we'll check the forecast but we begin in hard hit mobile alabama where blake brown of our cbs affiliate is watching the tornado damage blake, good morning. >>> good morning this is the scene here in mobile, we have big trees down powerlines down, roof damage and it is just hours after the storm ripped through the city. >> volatile conditions as tornadoes toucheddown around mobile. >> i was screams and hollaring, and i was just scared to death. >> we ran into the cooler, got all of the employees in the cooler, and it cam
in meningitis cases among gay men in new york city. over the past year there have been 12 documented cases of the disease among gay men in new york including three new cases in the past six weeks that recently prompted health officials in new york to expand their vaccination recommendations for gay men. health officials say they want to protect san francisco residents who could become infected, especially if they are traveling to new york. >>> well, some babies just can't wait. >> that's right. in dayton ohio, an expected mom ended up going into labor in a school's parking lot. >> i had a former student give birth in the car. >> and the baby's already out. >> yes. >> okay. teachers stayed on the line with 911 dispatcher who instructed them on how to tie off the umbilical cord. the 20-year-old mom was dropping off her siblings from school when her water broke. she was six days away from the due date and her baby girl weighing 7 pounds, 10-ounces. that's a pretty big baby. what's strange is they called after the baby was born not during. >> you have a baby on the way, no big deal. >>> maybe
to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecc
in philly, in new york city back to chicago, both o'hare and midway and a lot of flight delays likely from detroit to cleveland to cincinnati down to charlotte. this storm is going to be with us for the next couple of days. charlie, back to you. >> thanks. >>> last night may have been one of the worst moments of john boehner's political career. it may have brought the country one step closer to the fiscal cliff. boehner is speaking to reporters at this hour. nancy cordes is on capitol hill. >> reporter: what a mess. this maneuver was meant to strengthen boehner's hand in negotiations with the president but it backfired and now debt reduction talks may be falling apart as they have several times before. with no democratic support for his go it alone plan boehner needed almost all republicans to hang together but they didn't. >> don't have the votes. got to have the votes. >> reporter: dejected republicans streamed out of an emergency meeting last night where speaker boehner told them he was canceling the vote on his plan b bill because too many conservatives had vowed
. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h.s.b.c. officials listed mexico in its lowest risk category for money laundering during a four- year period when mexican drug cartels were funneling hundreds of millions of dollars through the bank. u.s. attorney loretta lynch. >> the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes specially made to fit through their teller's windows to speed the transactions. >> reporter: it wasn't just the drug cartels that benefited from what prosecutors called the bank's willful failure to report suspicious activity. h.s.b.c. instructed an iranian bank how to conceal $183 million in transactions. h.s.b.c. also admitted to
: an attitude shared by many small entrepreneurs as they wait and watch. randall pinkston, cbs news, new york. >> glor: back overseas south africa's former president nelson mandela remains in the hospital tonight. and as mark phillips reports the entire country is holding its breath. >> reporter: when the much respected man seen as the savior of his country is rushed to the hospital, it's a question of hold the front page. nelson mandela was brought to this military hospital in the capitol pretoria for what is being described as a routine visit, tests, nothing to be alarmed about, the south african government says. but there's no such thing as routine for a 94-year-old man known to be in frail health. and people are worried. >> we are praying that he gets well soon and back strong again soon. >> we hope that everything goes well. and that-- that the tests come out positive. >> reporter: normally mandela spends his time at his home village about 500 miles away. this was him at his 94th birthday celebration last july when he seemed physically well if mentally a little detached at the time. but
. and may provide renewed support for politicians willing to challenge the powerful nra lobby. >> new york senator chuck schumer criticized the nra vice president's argument that any attempt at gun restrictions is bound to fail. >> well, i think he's so extreme and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. >> reporter: a number of democratic congressman have pledged to consider reintroducing an assault weapons ban on sales of semiautomatic rifles and receipts trictions on certain ammunition. many firearm enthusiasts fear those new laws many fir many firearm enthusiasts fear those new laws and are voting shth their pocketbooks. at a denver gun show this weekend, ammunition for the ar- 15 semiautomatic rifle, the style of weapon used in the newtown attack, sold out within an hour. >> we're afraid we're not going o the able to keep our guns for our safety. and we're not doing anything wrong. >> reporter: it isn't clear yet whether the nation's second worst school shooting actually drives washington to change any gun laws. but a revie
based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market isn't i wier. t reporter: but this month, chobani will open a new $450 ust ion plant in idaho. when you make that kind of investment, that must mean you onal good about the economy. >> i always did. i personally believe the
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